According to Bloomberg, billionaire venture capitalist Mark Cuban says bitcoin futures trading on these major exchanges will potentially have a positive impact on the flagship cryptocurrency. He stated:

It will be interesting. I think it’s generally positive. What they charge is critical. Transaction costs are relatively high for BTC. If this pushes transaction costs lower, it will be a benefit to the BTC market.

Naem Aslam, a chief market analyst at TF Global Markets in London, added to Cuban’s analysis, saying that transaction costs, including cryptocurrency exchange fees and custody services charges, could decline if bitcoin demand increases as a result of futures trading on these platforms.

Per Cuban, how these exchanges “will buy, sell, hold, and manage the BTC is critical”, just like what they charge. The CME Group will, in the first few weeks of operations, be limited to initiating trades with an initial margin of 35 percent on its bitcoin futures exchange. It will use a daily price from the CME CF Bitcoin Reference Rate, which will use prices from various cryptocurrency exchanges, namely GDAX, Kraken, ItBit, and Bitstamp.

Cuban, a majority owner of the Dallas Mavericks basketball team and a star on the investing theme show “Shark Tank,” has in the past revealed that despite being a bitcoiner, he believed the market was in a bubble. He later on seemingly changed his opinion on bitcoin, as he advised “true adventurers” to invest 10% of their holdings in cryptocurrencies- Cuban himself has invested in cryptocurrency hedge fund 1Confirmation, in bitcoin, and in other cryptocurrencies.